Disposal Step 3a – Dispose of the property on the Open Market

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Guidelines for the disposal of surplus Defence real property (land) Disposal Step 3a – Dispose of the property on the Open Market
Activity	Considerations	Outcomes of all activites
1) Confirm property is available for disposal and review disposal strategy as required.	Update property valuation (if required). Risk assessment. Disposal strategy and contract conditions agreed by Finance and Housing (as required).	Disposal of property using one of the following techniques: Tender Auction Private treaty sale Updated property valuation. LAA approval. Contracts exchanged.
2) Obtain LAA approval from Department of Finance and Deregulation.	LAA Form 'D'.
3) Determine method of sale (Tender; Auction; Private Treaty) and prepare appropriate documentation.	Tender evaluation plan; reserve price; Departmental representatives. Marketing agent’s advice.
4) Prepare - Contract of Sale and Standard Tender Conditions.	Standard Defence contract of sale (include and special contract conditions set by FaHCSIA) Special conditions Legal advice Probity advisor Property valuation and acceptable price (Value for Money)
5) Marketing Agent advertises the disposal of the property.	Distribution of due diligence material.
6) Register the disposal on AusTender.	Commonwealth Procurement Guidelines.
7) Conduct disposal in accordance with approved method of sale.	Tender; Auction; private Treaty.
8) Evaluate offers.	Approved method of disposal and associated documentation.
9) Advise proponents as necessary.	Details are generally treated as Commercial in Confidence until after settlement.
10) Contract Exchange	Ensure special conditions from Finance and Housing are included.
11 Complete and distribute disposal notification (day of sale).	Notification template for the termination of services, maintenance contracts etc.
12 Complete the disposal – proceed to Disposal Step 4.	Disposal Step 4.